OSFI’s Technology and Cyber Risk Management Guideline: Part 2
October 20, 2022
In July of this year, the Office of the Superintendent of Financial Institutions (OSFI) released the final version of its Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies. FRFIs will need to ensure that they have taken steps to comply with the requirements of the Guideline prior to it coming into effect on January 1, 2024.